Fair Tax Act would lead U.S. back to prosperity

Agribusiness subsidies from the government, as described in a June 14 letter "Senate farm bill subsidizes Big Ag," are one of many federal corporate and individual tax subsidies and deductions. These total more than $900 billion per year. It is doubtful that any of these add any net economic benefit.

Tax reform, therefore, is required to remedy this.

Many large companies have secured special tax breaks protecting them from competitive and innovative small companies. Entrepreneurial start-ups and small private companies have been the main drivers for economic growth and new jobs.

The Fair Tax Act, now in Congress as HR25, eliminates all deductions. It also eliminates federal personal and corporate income and payroll taxes, and replaces them with a consumption tax. This will empower the private sector to significantly lead us back to prosperity, because our businesses will be able to more strongly compete globally.

The Fair Tax also protects the truly poor via prebates up to poverty level to offset the consumption tax impact. To learn more, visit www.fairtax.org.

Ted Hruzd

Morris Township

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Fair Tax Act would lead U.S. back to prosperity

Agribusiness subsidies from the government, as described in a June 14 letter 'Senate farm bill subsidizes Big Ag,' are one of many federal corporate and individual tax subsidies and deductions. These

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